America has lived with a chronic trade deficit since 1974 — and the cost has been staggering. Kerry Lutz and Spencer Morrison unpack how over 60,000 factories have closed and more than 5 million manufacturing jobs have vanished, while nearly $10 trillion has been drained from the U.S. economy through China’s subsidies, intellectual property theft, and unfair trade practices. They reveal how free trade’s short-term benefits have hollowed out the American industrial base, funneled wealth into Wall Street, and left workers behind. The conversation dives into tariffs, reshoring, the paradox of free trade, and whether AI can help rebuild America’s economic strength — or if the damage is already too deep.

Find Spencer here: https://substack.com/@realspmorrison

Find Kerry here: http://financialsurvivalnetwork.com/ and here: https://inflation.cafe

Kerry's New Book “The World According to Martin Armstrong – Conversations with the Master Forecaster” is now a #1 Best Seller on Amazon. .

Get your copy here: https://amzn.to/4kuC5p5